RMU starts fiscal year with a loss

Rolla Municipal Utilities has lost $115,160.26 in the first two months of the fiscal year, compared to income of $267,636.48 for the first two months of last fiscal year.

R.D. Hohenfeldt | Staff Writer

Rolla Municipal Utilities has lost $115,160.26 in the first two months of the fiscal year, compared to income of $267,636.48 for the first two months of last fiscal year.

Meeting on Thursday, Dec. 20, the Rolla Board of Public Works heard the financial report from Dennis Roberts, business/finance manager.

Like the city government, RMU's fiscal year starts Oct. 1. Roberts presented the October and November 2012 reports.

In October, RMU had $706,514.14 in residential sales; $242,065.99 in commercial sales, $676,159.16 in power service sales, $357,681.26 in industrial sales, $35,680.52 in capacity credits, $6,923.83 in generation standby service and $15,017.24 in interdepartmental sales to the city. That totals $2,040,042.14 in total operating income.

Operating expenses in October were as follows: $2,528,248.89 in purchased power, $123,042.53 in distribution, $8,148.31 in source of supply and pumping, $55,164.75 for customer accounting and collecting, $510.53 for treatment, $287,767.89 for administrative and general, $3,404.94 for electric and water in RMU's own facilities, $16,579.22 for city depreciation and $210,227.66 for RMU depreciation. That's a total of $2,233,094.82 in operating expenses, giving an operating loss for the month of $193,052.68.

Other income and expenses for October 2012: $4,179 in interest income; $18,875.64 in late fees, $11,609.54 in frontage fees, $2,800 for rental income, $9,625.92 for other income and $42,803.13 for other income deductions. That gives a total of $4,286.97 in other income, for a net loss of $188,765.71 for the month. Last year, RMU made $219,816.71 in net income.

Operating expenses for November totaled $2,357,007.29. Those expenses: purchased power, $1,596,330.56; distribution, $157,539.98; source of supply and pumping, $27,570.46; customer accounting and collecting, $50,030.82; treatment, $4,939.47; administrative and general, $279,925.46; electric and water to RMU's own facilities, $4,843.71; fuel for power production, $9,568.93; city depreciation, $16,580.09; and RMU depreciation, $209,677.81.

The operating loss for the month was $13,581.47.

To that figure was added the total of other income/expenses of $87,186.92 that came from the following areas: interest income, $4,073.32; late fees, $15,204.65; gain/loss of fixed assets, $360; rental income, $2,800; other income, $64,996.70; other income deductions, $247.75.

The operating loss was offset by the other income, giving a net income of $73,605.45 for the month of November.